Goldman Sachs downgraded Ultrapar (UGP) to Neutral from Buy with a price target of $5.40, up from $4.50. While the firm acknowledges Ultrapar’s management has successfully executed a corporate turnaround, it also notes Ultrapar has smaller exposure to fuel distribution than Vibra, recent news flow indicated that Ultra may be considering diversifying beyond its current core businesses, and Ultrapar shares are up by 62% since end-January of last year.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UGP:
- Ultrapar downgraded to Neutral from Buy at Goldman Sachs
- Ultrapar Discloses Reduction of Squadra Stake to 4.95%
- Ultrapar Sets April 15, 2026 Date for Annual Shareholders’ Meeting
- Ultrapar Updates Shareholders’ Agreement After Creation of Redeemable Preferred Shares
- Ultrapar Approves Strategic Plan and AI Policy on December 10, 2025